ESR Group Limited Annual Report 2022 Notes to the Consolidated Financial Statements 31 December 2022 195 27. NON-CURRENT LIABILITIES As at 31 December 2022 As at 31 December 2021 US$’000 US$’000 Amounts due to related parties (note (i)) 2,599 2,624 Deferred revenue 4,917 — Provision for long services payment and retirement pension 6,121 4,640 Long-term employee benefits liability 5,955 — Share redemption option granted to non-controlling shareholders of a subsidiary (note (ii)) 93,687 — Security deposits 16,999 37,714 Others 1,598 937 131,876 45,915 Note: (i) The amounts due to related parties are non-trade in nature and unsecured. As at 31 December 2022, the balance of US$2,599,000 (2021: US$2,624,000) bears interest of 11.82% to 12.25% per annum. (ii) The share redemption option granted to non-controlling shareholders of a subsidiary amounting to US$93,687,000 represents liabilities of the Group to acquire interest owned by the non-controlling shareholders of a subsidiary, determined based on net asset fair value, as at 31 December 2022. 28. TRADE PAYABLES, ACCRUALS AND OTHER PAYABLE As at 31 December 2022 As at 31 December 2021 US$’000 US$’000 Trade payables 16,722 2,963 Accruals 80,595 75,315 Consideration payable for acquisition of subsidiaries 27,122 18,887 Deferred revenue 2,718 — Interest payable 26,713 35,659 Due to non-controlling shareholders of subsidiaries 7,537 9,076 Due to related parties 3,854 366 Other tax payable 9,300 7,932 Payables for addition to property, plant and equipment and investment properties 126,092 35,643 Payable to a fund 2,713 606 Rental income received in advance 1,737 2,646 Staff payroll and welfare payables 85,791 34,699 Others 12,598 12,130 403,492 235,922 STRATEGIC REPORT FINANCIAL STATEMENT CORPORATE GOVERNANCE
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